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Posted Thu, 06 Jun 2024 12:46:05 GMT by Awarequestions
I am 65 years old and have been resident in the UK for the last 23 years. I have an Australian Superannuation scheme which I am now eligible to take lump sums or draw down. I pay tax on the income of the superannuation in Australia. I wish to know if for UK tax purposes the 25% tax free amount applies or are all withdrawals taxable here? If the 25% tax free lump sum does apply, how do I inform HMRC of this?
Posted Fri, 07 Jun 2024 16:29:12 GMT by HMRC Admin 20 Response
Hi,
All withdrawals are taxable in the UK and you will declare this as foreign income in a tax return.
Thank you.

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